William Blair Investment Management LLC Lowers Stake in Apollo Global Management Inc. $APO

William Blair Investment Management LLC reduced its position in Apollo Global Management Inc. (NYSE:APOFree Report) by 99.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 6,597 shares of the financial services provider’s stock after selling 919,898 shares during the quarter. William Blair Investment Management LLC’s holdings in Apollo Global Management were worth $879,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Delos Wealth Advisors LLC acquired a new stake in Apollo Global Management during the 2nd quarter valued at $25,000. Atlantic Union Bankshares Corp increased its position in Apollo Global Management by 99.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 199 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 99 shares during the period. Sound Income Strategies LLC acquired a new position in Apollo Global Management during the 3rd quarter valued at about $28,000. SJS Investment Consulting Inc. grew its holdings in Apollo Global Management by 1,123.5% during the third quarter. SJS Investment Consulting Inc. now owns 208 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 191 shares during the period. Finally, Nemes Rush Group LLC bought a new stake in shares of Apollo Global Management during the 2nd quarter worth $30,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on APO shares. The Goldman Sachs Group restated a “buy” rating and set a $165.00 price target on shares of Apollo Global Management in a report on Monday, February 9th. Wolfe Research reaffirmed an “outperform” rating on shares of Apollo Global Management in a report on Wednesday, January 7th. Keefe, Bruyette & Woods boosted their price target on Apollo Global Management from $162.00 to $173.00 and gave the company an “outperform” rating in a research note on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Apollo Global Management in a report on Tuesday, February 10th. Finally, Wall Street Zen upgraded shares of Apollo Global Management from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Apollo Global Management currently has an average rating of “Moderate Buy” and a consensus price target of $159.47.

Read Our Latest Report on APO

Apollo Global Management Stock Performance

Shares of APO stock opened at $107.19 on Wednesday. The stock has a 50-day moving average of $133.63 and a 200-day moving average of $133.53. The stock has a market cap of $62.22 billion, a PE ratio of 19.42, a price-to-earnings-growth ratio of 0.86 and a beta of 1.60. Apollo Global Management Inc. has a one year low of $99.56 and a one year high of $157.28. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.31 and a quick ratio of 1.31.

Apollo Global Management (NYSE:APOGet Free Report) last posted its earnings results on Monday, February 9th. The financial services provider reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.43. Apollo Global Management had a return on equity of 15.25% and a net margin of 10.90%.During the same quarter last year, the firm earned $2.39 EPS. The company’s quarterly revenue was up .8% on a year-over-year basis. As a group, sell-side analysts expect that Apollo Global Management Inc. will post 8 earnings per share for the current year.

Apollo Global Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Thursday, February 19th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Thursday, February 19th. Apollo Global Management’s payout ratio is 36.96%.

Key Stories Impacting Apollo Global Management

Here are the key news stories impacting Apollo Global Management this week:

About Apollo Global Management

(Free Report)

Apollo Global Management, Inc (NYSE: APO) is a global alternative investment manager that specializes in private equity, credit and real assets. The firm originates, invests in and manages a broad set of strategies across distressed and opportunistic credit, direct lending, structured credit, buyouts and real estate. Apollo provides investment management and advisory services to institutional clients and individual investors through pooled funds, separate accounts and publicly listed investment vehicles.

Its private equity business pursues control and non-control investments across industries, often focusing on complex or distressed situations where operational improvement and capital solutions can create value.

Featured Articles

Want to see what other hedge funds are holding APO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apollo Global Management Inc. (NYSE:APOFree Report).

Institutional Ownership by Quarter for Apollo Global Management (NYSE:APO)

Receive News & Ratings for Apollo Global Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apollo Global Management and related companies with MarketBeat.com's FREE daily email newsletter.